Sacramento Home Prices Growing At Slower Price, Easing Concerns Of Growing Bubble
SACRAMENTO (CBS13) — Sacramento home values have risen by nearly double digits in the last year, a much slower pace than the year prior, according to data from real estate site Zillow.com.
It appears more people are ready to start selling in Sacramento, taking advantage of the rise in home prices, as 35.8 percent more homes are on the market compared to this time last year.
Buyers paid 8.9 percent more for homes this year, compared to last year. That's down from the 23.9 percent increase in from 2012 to 2013 that spurred concerns of a new housing bubble building.
Home values nationwide are expected to move up 3 percent in the next year, but Sacramento is expected to nearly double that at 5.7 percent.
